UK Chancellor Reeves says "To build national resilience, energy security and economic growth, we need nuclear."
Newsquawk Staff ·
UK Chancellor Reeves says "To build national resilience, energy security and economic growth, we need nuclear."
What it means
Chancellor Reeves' statement emphasizes the UK government's focus on nuclear energy as a cornerstone for enhancing national resilience and energy security. This aligns with broader EU energy strategies and signals potential opportunities for companies like Rolls-Royce in the nuclear sector, possibly attracting investment and influencing regulatory frameworks around energy production.
- US Weekly Private Energy Inventory Data (bbls): Crude -2.0mln (exp. +0.5mln), Gasoline +2.4mln (exp. -1.3mln), Distillate +0.4mln (exp. -0.9mln), Cushing -0.5mln
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL
- US Energy Secretary Wright says the suspension of sanctions on Russia is temporary; US is ramping up LNG exports
- US President Trump says he is travelling to a rally in Corpus Christi, Texas, where the US will receive 1mln barrels of Venezuelan oil as a result of the military operation, followed by the biggest oil deal in the history of the world
- Additional European Equity News - 23rd October 2026
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